448 Union St SConcordNC28025
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 448 Union St S, Concord, NC, 28025 in Concord is capital appreciation. Rental yield 2.76%. The 2.76% gross yield at $695,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $192,016 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.51) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $93,640.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 6.2% |
| Monthly Cash Flow | $(2,711) | $1,250 |
City averages based on Concord market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,600 |
| Total Monthly Debt Service | $3,959 |
| DSCR Ratio | 0.40x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1922
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28025, Concord, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,074 (100%) |
| Owner Occupied HU | 15,931 (66.2%) |
| Renter Occupied HU | 6,759 (28.1%) |
| Vacant Housing Units | 1,384 ( 5.7%) |
| Median Home Value | $356,267 |
| Average Home Value | $399,145 |
Housing Distribution
Address Breakdown
Residential
22,882
Single Family
21,679
Multi-Family
1,203
Businesses
1,495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1922
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28025, Concord, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 24,074 (100%) |
| Owner Occupied HU | 15,931 (66.2%) |
| Renter Occupied HU | 6,759 (28.1%) |
| Vacant Housing Units | 1,384 ( 5.7%) |
| Median Home Value | $356,267 |
| Average Home Value | $399,145 |
Housing Distribution
Address Breakdown
Residential
22,882
Single Family
21,679
Multi-Family
1,203
Businesses
1,495
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Renda Powell • CARTER GROUP REALTORS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4260644